Icon Energy Ltd V.ICN

Primary Symbol: ICNOF

Energy Oil & Gas E&P

Icon Energy Limited is an Australia-based oil and gas exploration company. The Company has a 100% interest in, and is operator of, the ATP 855 tenement and the basin-centered gas resource that it contains. The Company’s ATP 855 is located in the Cooper-Eromanga Basin on the eastern side of the Queensland and South Australian border. The Company's tenements include ATP 855, PRL's 33-49, ATP 594, PEP 170, PEP 172, and PEP 173. PRL's 33-49 are adjacent to ATP 855 on the western side of the border, and both permits share part of the Nappamerri Trough. ATP 855 is located in the Nappamerri Trough, one of the six troughs within the Cooper Basin. The tenement covers the deepest part of the trough, containing the thickest sequence of Permian sediments in the entire Cooper Basin. It is within these sediments that a large, unconventional, basin-centered gas resource has been discovered that extends across the entire tenement. ATP 855 occupies a total area of 1,679 square kilometers (km2).

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Icon Energy Ltd

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Post by seanj1on Aug 14, 2011 12:16pm

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Post# 18940053

Monday News release?!

I think it is a wishful thinking that they will release any news before the bell on Monday. This is a Venture stock and as we know there are a lot of fishy deals in these stocks. I think they either do not have a better samples or if they do, they will hold off on the news for few days so some interested parties can scoop up the cheap shares after existing shareholders sell out due to disappointment.

I am hoping I am wrong , but I have seen these types of manipulation many times in junior mining companies. I will be holding if SP drops. If it goes below
.20, I will buy some to average down. Sometimes these manipulated drops will pay off more at the end if you average down.

We shall see...

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